AOL, Inc. (NYSE:AOL)’s profit rose in the Q1 as the one-time Internet pioneer outlined new measures to appease activist shareholders skeptical regarding its turnaround attempts.
For the Q1, AOL posted a profit of $21.1 million, or 22 cents per share, as compared to a year-ago profit of $4.7 million, or 4 cents per share. The most recent period comprised a $10.8 million non-cash gain associated to the firm’s acquiring a controlling interest in a pre-existing investment.
Revenue dropped 4% to $529.4 million. Analysts anticipated earnings of 7 cents per share on $526 million in sales, in accordance with a survey conducted by Thomson Reuters.
AOL further stated that it would increase its operating profit for 2012 and make its much-criticized Patch.com business profitable by 2013.
Its competitors include Google Inc (NASDAQ:GOOG) that slipped -0.73% to $608.35 with the total traded volume of 726,621.00 shares and Yahoo! Inc. (NASDAQ:YHOO) that dropped -0.91% to $15.22 with the total traded volume of 6.36 million shares.
Other Technology stocks with bullish trend include Frontier Communications Corp (NASDAQ:FTR) up 4.89% to $3.42, Quest Software, Inc. (NASDAQ:QSFT) up 9.46% to $25.00 and Demand Media Inc (NYSE:DMD) up 17.40% to $9.31, whereas with bearish trend include Cisco Systems, Inc. (NASDAQ:CSCO) down -0.11% to $18.69, Nokia Corporation (ADR) (NYSE:NOK) down -3.80% to $3.16 and Intel Corporation (NASDAQ:INTC) down -1.61% to $26.93.
AOL, Inc. (NYSE:AOL) stock in current session held volume of 2.48 million shares as compare to its average volume of 2.43 million shares. The stock after opening at $25.87 hit high price of $27.31 and then trading at $26.48 by scoring +3.52% at 10:55AM EDT.
As the revenue measures AOL generated revenue of 2.20 billion in the following twelve months income of $13.10 million. The Company showed a positive 0.59% in the net profit margin and in addition to in its operating margin which remained 2.08%. Company’s annual sales growth for the past five year was -22.32%.
The stock showed weekly upbeat performance of 1.03% which was maintained for the month at -3.11%. Likewise the positive performance for the quarter was recorded as 43.71% and for the year was 32.20% while the YTD performance remained at 69.40%.
The AOL past twelve months price to sales ratio was 1.09 and price to cash ratio remained 5.87. As far as the returns are concern, the AOL return on equity was recorded as 0.59% and increased 0.56% return on investment while its return on asset stayed at 0.45%.
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